by Troy S. Mason | May 2, 2020 | Business News
When the coronavirus pandemic began to sweep through Spain, workers on the 500-megawatt Núñez de Balboa solar park didn’t stay at home while the country went into lockdown. Instead, they donned protective gear and made other safety adjustments to bring the almost 4 square miles of panels online. On April 6, the array — the […]
by Troy S. Mason | Apr 30, 2020 | Business News
Oil giant Royal Dutch Shell on Thursday cut its dividend to shareholders for the first time since World War II, following a dramatic slide in oil prices amid the coronavirus crisis. The board at Shell said it had decided to reduce the oil major’s first-quarter...
by Troy S. Mason | Apr 21, 2020 | Business News
After a tumultuous day that saw oil futures falling into negative territory, President Donald Trump suggested the U.S. could either purchase roughly 75 million barrels of oil to add to the country’s Strategic Petroleum Reserve, or rent that spare capacity to oil...
by Troy S. Mason | Apr 13, 2020 | Business News
Oil prices moved higher early Monday morning stateside after OPEC and its allies agreed to cut production by 9.7 million barrels per day. The deal, which was finalized on Sunday after marathon discussions that spanned four days, is the single largest output cut in...
by Troy S. Mason | Apr 10, 2020 | Business News
A historic production cut agreement between OPEC and its allies, known as OPEC+, hit a roadblock after Mexico refused to agree to its share of the cuts after a marathon meeting between the oil-producing nations that lasted more than nine hours. The other members of...
